Latin America Sodium Reduction Ingredients Market has been estimated at USD 90 Million in 2021 and is projected to reach USD 160 Million by 2026, at a CAGR of 12.70% during the forecast period from 2021 to 2026.
Sodium reduction is a process of reducing level of salt in edible products. Sodium reducing ingredients form an integral part of food additives industry as they are mostly responsible for either completely replacing sodium or reducing the salt content in the food products. They are also gaining prominence in functional foods and nutraceuticals products.
The market for Sodium Reduction Ingredients in Latin America is mainly driven due to increasing awareness regarding health effects of excessive sodium consumption and government bodies promoting various awareness programs and setting guidelines for food manufacturers regarding sodium level in their products. But, the market growth can be hampered due to limited people sticking to minimal sodium usage.
Latin America market for Sodium Reduction Ingredients is segmented based on type and application By type, the market is further sub-segmented into Amino Acids, Mineral Salts, Yeast Extracts, others (hydrolyzed vegetable protein, trehalose, nucleotides). By application, the market is further sub-segmented into Dairy, Bakery & Confectionary, Meat Products, Sauces, Seasonings & Snacks, others. The mineral salts segment accounts for the largest market share followed by the yeast extracts segment. Mineral salts and yeast extracts have been gaining significant growth for serving as an important component in food products due to the health benefits derived from them, without compromising on the flavor and taste. The demand for sodium reduction ingredients in the sauces, seasonings & snacks segment accounts for the largest share, while the bakery & confectionery segment is projected to be the fastest-growing.
Geographically the Latin America Sodium Reduction Ingredients Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Latin America is expected to witness highest growth owing to factors like economic developments and penetration of major companies into the untapped markets of this region as they witness great potential for profits.
Key Players in the Market:
Major Key Players in the Latin America Sodium Reduction Ingredients Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By type
5.1.1 Amino Acids
5.1.2 Mineral Salts
5.1.3 Yeast Extracts
5.1.4 Others
5.1.4.1 Hydrolyzed vegetable protein
5.1.4.2 Trehalose
5.1.4.3 Nucleotides
5.2 By application
5.2.1 Dairy
5.2.2 Bakery & Confectionary
5.2.3 Meat Products
5.2.4 Sauces, Seasonings & Snacks
5.2.5 Others
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Cargill, Incorporated
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Kerry Group Plc
8.3 Royal DSM N.V.
8.4 Angel Yeast Co. Ltd.
8.5 E.I. du Pont de Nemours & Co.
8.6 Cambrian Solutions Inc.
8.7 Associated British Foods plc
8.8 Givaudan SA
8.9 Innophos Holdings, Inc
8.10 Jungbunzlauer Suisse A.G.
8.11 Sensient Technologies Corporation
8.12 Tate & Lyle PLC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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